June 04, 2018 BY LeapRate Staff
Investment adviser deVere USA hit with $8 million fine for misleading retail clients
The U.S. Securities and Exchange Commission (SEC) has announced that New York-based investment adviser deVere USA, Inc. has agreed to pay an $8 million civil penalty related to its failure to disclose conflicts of interest to its retail clients. The settlement will result in the establishment of a Fair Fund for distribution of the penalty…
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